Green MVE sets sights on ASX 300
The CEFC has committed up to $50 million to AB Managed Volatility Equities – Green (Green MVE), our first investment in listed equities. Portfolio manager, AllianceBernstein, aims to set a new standard in low carbon investing, with Green MVE focused on some 70 ASX 300 listed companies. The active investment strategy starts by anchoring the portfolio in low-volatility equities, and then by applying a ‘price on carbon’ during the stock selection process to help reduce the emissions associated with the portfolio holdings. Green MVE aims to make the portfolio carbon neutral by offsetting the emissions, attracting interest from institutional investors, family offices and insurers who are increasingly preferencing low carbon assets.